The guarantee facility will enable Co-op Bank, on the one hand to strengthen its commitment to financing Micro, Small and Medium-Sized Enterprises (MSMEs), and on the other to promote emerging corporates in Kenya that are involved in green energy and solar installation projects.
[South Africa] Sasol, Haldor Topsøe expand G2L licensing collaboration to grow sustainable synthetic fuels and chemicals globally
Haldor Topsøe and Sasol have expanded their G2L collaboration to jointly license and develop their technologies for sustainable liquid fuels and chemicals production through Fischer-Tropsch (FT) technology.
The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral development bank, unveiled its new ESG policy framework to support energy transition in its member countries and beyond.
Madagascar Time startup has launched $TIME, the new cryptocurrency focused on charity work around the globe. Backed by an international team, $TIME combines unprecedented technology in the crypto space with social entrepreneurialism.
Africa Finance Corporation plans $500m Infrastructure Climate Resilient Fund under AFC Capital Partners
As part of its drive to address Africa’s vulnerability to climate risk, Africa Finance Corporation (AFC) has created an independent asset management arm, AFC Capital Partners, with a debut offering: the Infrastructure Climate Resilient Fund (ICRF).
Kenya Electricity Generating Company PLC (KenGen) has been cleared to sell an equivalent of 4.6 million tonnes of carbon emissions earned over the last 18 months.
As part of Vodacom’s energy and carbon management strategy and commitment to reducing its impact on the environment, Vodacom has installed new solar-powered sites in Polokwane, Vereeniging and Bloemfontein.
Safal Group, Africa’s Manufacturer of Steel Roofing Products with a footprint across eight countries launched the Safal Eye in the Wild Competition 2021.
LG Electronics (LG) announced its goal to use almost 600,000 tonnes of recycled plastic by 2030 in a concerted effort to reduce greenhouse gas emissions in the value chain.
Grande Côte Opérations signs MoU with CrossBoundary for construction of hybrid solar power station in Senegal
Grande Côte Opérations (GCO), a subsidiary of the Eramet Group, signed a Memorandum of Understanding (MoU) with CrossBoundary Energy for the construction of a 13 MW hybrid solar power station with 8 MW battery storage in Senegal.
AfDB, partners unveil initiative to secure climate-resilient water and sanitation services in five African countries
AfDB, in partnership with the Nordic Development Fund and the Government of Denmark will roll-out a program to strengthen access to climate-resilient water and sanitation resources in Burkina Faso, Ethiopia, Mali, Niger and Somalia.
The European Investment Bank (EIB), and the Global Center on Adaptation (GCA), announced plan to engage in a collaboration to accelerate action on climate change adaptation.
L'AfDB lance une nouvelle initiative pour intégrer le capital naturel dans le financement du développement en Afrique
Le Groupe de la Banque africaine de développement, la Plateforme des connaissances sur la croissance verte et d’autres partenaires lancent, une nouvelle initiative sur l'intégration du capital naturel dans le financement du développement en Afrique.
Chinese inverter supplier has been selected by German developer to supply inverters and a storage system for the construction of a hybrid off-grid solar photovoltaic system and battery storage system in Egypt.
The African Development Bank Group, Green Growth Knowledge Platform and other partners will launch an initiative on integrating natural capital into development finance in Africa on 9 September, 2021.
The Food and Agriculture Organization of the United Nations (FAO) developed the eLocust3m application to improve early warning through rapid detection, surveillance and monitoring of locust outbreaks.
The World Bank approved $103.4 million for Ghana to reverse land degradation and strengthen integrated natural resource management in about 3 million hectares of degraded landscapes.
Rwanda and the government of Luxembourg have launched a waste recycling and management project that will recycle, improve city solid waste control and hazardous waste management in Kigali city.
The Oman-based land seismic acquisition company will use STRYDE’s Nimble and Compact systems to obtain better high-definition images for oil and gas exploration across several projects.
The European Bank for Reconstruction and Development (EBRD) is boosting small businesses and green investments in Egypt with a $50 million loan to QNB ALAHLI, one of Egypt’s largest commercial banks.
Clean-Seas signs LOI to build and operate $30m waste plastic-to-energy pyrolysis plant in Kinshasa, DRC
Clean Vision Corporation announced that its Clean-Seas subsidiary signed a Letter of Intent (LOI) to build and operate a waste plastic-to-energy pyrolysis plant in Kinshasa in the Democratic Republic of Congo (DRC).
Moody's Corporation and RMS announced they have entered into a definitive agreement for Moody’s to acquire RMS, a global provider of climate and natural disaster risk modeling and analytics, for approximately $2.0 billion.
IFC is investing $100 million in Egypt's first private sector green bond to help unlock finance for climate-smart projects, reduce greenhouse gas emissions, and support the country's transition to a greener economy.
Sturdee Energy, a Sub-Saharan Africa focused independent power producer (IPP), has entered into two power purchase agreements (PPAs) with the Botswana Power Corporation (BPC) for Botswana’s first two renewable energy IPP projects.
The Enel Green Power RSA 140 MW Oyster Bay wind farm, situated in the Kouga municipality in the Eastern Cape, South Africa, has successfully reached commercial operation.
The portal is intended to promote national and regional sharing of information on diverse activities on climate action being undertaken in the region.
Analysis released by Action Against Hunger, a nonprofit leader in hunger prevention and treatment, show that up to 400,000 women, men and children in Tigray, Ethiopia are now facing acute food insecurity.
The International Renewable Energy Agency (IRENA) and the Electric Power Research Institute (EPRI) signed an MoU to advance the global electrification of the energy sector based on renewables and energy efficiency.
Eni, Nairobi office of Italian Agency for Development Cooperation sign MoU to develop joint initiatives in Kenya
Eni, through its subsidiary Eni Kenya, and the Nairobi Office of the Italian Agency for Development Cooperation (AICS) signed an MoU to identify possible collaboration opportunities in the areas of agriculture and value-chain development.
Kenya Electricity Generating Company (KenGen), has distributed more than 1.9 million tree seedlings to communities and institutions as part of its efforts to reduce carbon emissions.
Nesta Challenges launches $14.5m Afri-Plastics Challenge for African innovators in plastic waste management
Nesta Challenges announced the launch of the Afri-Plastics Challenge, involving a public competition that will reward the best solutions from across sub-Saharan Africa to addressing marine plastic waste in developing countries.
South Africa is stepping up investment for its wildlife and biodiversity sectors from a grant of $8.9 million from the Global Environment Facility (GEF).
L’adhésion du Maroc au SCO intervient à un moment où les questions de l’adaptation et de la lutte contre le changement climatique sont devenues des priorités pour nos sociétés et gouvernements.
Bolloré Ports, an operator of port terminals in Africa, Asia and the Americas, has launched the "Green Terminal" certification process, which aims to reduce the carbon footprint of its activities by using a precise methodology that covers all environmental issues.
IFC’s TechEmerge partners with logistics startup Kobo360 to pilot sustainable cooling innovations in Nigeria
Eleven global innovators have been selected to partner with 15 leading Nigerian companies to pilot cost-effective, climate-smart technologies to strengthen the country's temperature-controlled logistics supply chain.
Kenya Electricity Generating Company (KenGen) is set to benefit from its Clean Development Mechanism (CDM) Projects further giving impetus to the company’s efforts to combat climate change.
Sasol and the Industrial Development Corporation of South Africa(IDC), concluded a memorandum of cooperation (MOC) to jointly develop and shape an enabling environment to advance South Africa’s green hydrogen economy.
World Resources Institute, with support from the Global Environment Facility, UN Environment Programme and World Green Building Council, among others, have launched the Zero Carbon Building Accelerator (ZCBA) to speed up the transition to zero-carbon, efficient buildings around the world.
FSD Africa launched a first-of-its-kind climate finance training programme, designed to expand access to funding for climate mitigation and adaptation on the continent.
Climate finance committed by major multilateral development banks (MDBs) rose to a total of $66 billion last year from $61.6 billion in 2019, according to the 2020 Joint Report on Multilateral Development Banks’ Climate Finance.
Forsberg, who was named a Laureate of the Rolex Awards for Enterprise in 2016, emphasizes the need for community action and education to achieve long-lasting conservation.
OCP, the phosphate mining and fertilizer group, signed a financing agreement with the IFC, to support OCP expand its value chain in Africa, as part of its effort to contribute to the economic development of the continent.
The agreement enables the university to use Esri solutions in the development of new technologies for monitoring desertification, climate change, sustainable development goal progress, oceanography, mining, architecture, and urbanization.
[South Africa] Karpowership denied environmental authorisation for development of gas to power via powerships
The Department of Forestry, Fisheries and the Environment has reached a decision on the three applications which were submitted in October 2020 by Karpowership for an environmental authorisation for the development of gas to power via powerships.
South Sudan partners with IFAD to boost productivity, food security and resilience of small-scale farmers
A new $19.9 million project will bring much needed help to rural households facing the impacts of poverty, food insecurity and climate change in South Sudan.
A big push in a rapidly urbanizing continent kicked off as the Food and Agriculture Organization of the United Nations (FAO), launched the Green Cities Regional Action Programme for Africa.
Antoine Frérot, Veolia Group’s Chairman and Chief Executive Officer, announced that Chouhaid Nasr has been appointed as Morocco Country Director, effective July 1, 2021.
The Africa Renewable Energy Fund II has achieved its first close at €130 million, following a joint investment of €17.5 million from The Sustainable Energy Fund for Africa and the Climate Technology Fund through the African Development Bank.
CDC Group, UK’s development finance institution and impact investor, announced a $50 million project finance direct debt investment to ACWA Power’s Redstone Concentrated Solar Power Project (Redstone) in South Africa.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, introduced another Sustainable Marine Fuel (SMF) service for ocean freight as part of its sustainability strategy.
The Food and Agriculture Organization of the United Nations (FAO), welcomed approval from the Global Environment Facility (GEF), for five FAO-led projects in eight countries, totaling more than $46.6 million in funding.
The five-year Capacity Building Initiative for Transparency (CBIT) project will enable The Comoros, Eritrea, Seychelles and Zambia to comply with the Paris Agreement’s enhanced transparency framework (Article 13).
Globeleq, Africa’s independent power producer, announced it officially broke ground on the pioneering 19MWp solar and 7MWh storage power project at Cuamba in northern Mozambique.
Sustainable Development Goals (SDGs). Indeed, if the past year is anything to go by, the need to restore the planet has been underscored by the ensuing consequences of the COVID 19 pandemic.
A new study by Standard Chartered reveals that 78 per cent of multinationals (MNCs) will remove suppliers that endanger their carbon transition plan by 2025.
[Column] Tsheko Ratsheko: Environmental stewardship and the mining sector – powering a greener future
Responsible environmental stewardship is about protecting and preserving natural resources for the greater good of all our stakeholders.
The European Bank for Reconstruction and Development (EBRD), and the Green Climate Fund (GCF), are strengthening their cooperation by launching the new $1.01 billion “High impact programme for the corporate sector” to scaling up green financing.
During the Ordinary and Extraordinary Shareholders’ Meeting, Total shareholders approved, almost unanimously, the resolution to change the company’s name from Total to TotalEnergies.
From the 2nd to the 3rd of June, the Global Landscapes Forum will host the first-ever digital conference focused entirely on Africa’s drylands and how integrative restoration practices can see them flourish once again.
The World Bank approved $65 million from the International Development Association (IDA), for the Natural Resources, Mining and Environmental Management Project in Guinea.
After its launch in September last year, venture builder Satgana has announced its first portfolio startup from Nairobi, Kenya, Mazi Mobility, to address the issues faced by the public transport industry in the Global South by electrifying the motorcycle industry.
Ivanhoe Mines announced it has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine in the Democratic Republic of Congo.
Coal mining company Seriti Resources confirms that all conditions precedent to its acquisition of South32 SA Coal Holdings Proprietary Limited (SAEC) have been fulfilled, and the sale is expected to be completed on 1 June 2021.
The African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD), signed a memorandum of understanding (MoU), to promote sustainable private-sector development in Africa.
The Food and Agriculture Organization of the United Nations (FAO), welcomed €8 million contribution from the EU to enable countries in the Horn of Africa maintain a state of readiness in the face of a possible resurgence of Desert Locusts.
The Republic of Congo signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF), that will unlock up to $41.8 million for reducing emissions from deforestation and forest degradation and increasing carbon sequestration.
IFC, a member of the World Bank Group, will provide Absa Bank with a loan of up to $150 million to support the bank's strategy to expand its climate finance business and help South Africa meet its greenhouse gas reduction targets.
IFC and Ghana's Securities and Exchange Commission (SEC), announced a partnership to facilitate investments in projects that address climate and environmental issues through green bonds.
Beyond its environmental components, addressing climate change is about economic competitiveness and opportunity.
Madagascar's farmers stand to build stronger climate resilience, increase productivity, and more easily access financial services thanks to an agricultural insurance program announced by IFC and the Government of Madagascar.
Global leaders, young people and even students are now talking about it. Companies on the other hand are thinking about how they can reduce their carbon footprint and their operations’ impact on the environment.
Drones, satellites, geographic information systems, weather stations and advanced analytics are some of the most promising technologies for providing solutions to Africa’s agricultural challenges.
The EBRD, the OPEC Fund, the African Development Bank, the Green Climate Fund and Arab Bank signed a $114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt.
The United Nations Central Emergency Response Fund (CERF) is providing $40 million for anticipatory action in Ethiopia and Somalia to ensure that people get help before the situation turns into a devastating food security crisis.
Launched with Conservation International and Goldman Sachs, Apple’s $200 million fund aims to remove at least 1 million metric tons of carbon dioxide annually from the atmosphere.
As countries develop revised national climate pledges, known as Nationally Determined Contributions, they’re doing so in the context of multiple historic crises: climate change, rising inequality, and the health and economic impacts of COVID-19.
Desalytics Water Solutions, a company specializing in the distribution of water treatment and water quality consumables, has strengthened its operations in Sub-Saharan Africa with the closing of its acquisition in Kenya.
The EU announced a new funding of €54.5 million in humanitarian aid devoted to the most vulnerable people affected by human-made or natural disasters, epidemics, and displacement in the Great Lakes region of Africa.
Sasol and Air Liquide are inviting bidders to participate in a Request for Proposal (RFP) process for the supply of renewable energy to Sasol’s South African operations.
The new products comply with the company’s green criteria, including lower CO2 footprint and recycled content.
The American Petroleum Institute (API) and the African Energy Chamber (AEC), signed a Memorandum of Understanding (MoU) to collaborate on capacity building initiatives and standardization to enhance safety, environmental protection and sustainability.
eco.business Fund receives €85m for biodiversity conservation in Latin America and sub-Saharan Africa
The eco.business Fund received an investment of €85 million from its strategic partner, the German Federal Ministry of Economic Cooperation and Development (BMZ) via KfW Development Bank.
The Kigali Amendment to the Montreal Protocol was signed in Kigali in 2016 where signatories successfully penned the historic agreement that sought to avoid up to 0.5°C of global warming by the end of the century.
Zeronomics, a study into the financing of a net zero world, surveyed the senior leadership of 250 large companies and 100 investment specialists around the world between September and October 2020.
Botswana's Department of Environmental Affairs (DEA) has approved the EIS for Tlou's Boomslang project. The Boomslang Prospecting Licence PL011/2019 is located adjacent to the Company's Lesedi power project.
[Column] Quinton Swart: Why boxed water is better? Thinking inside of the box when it comes to packaging water
Packaged water in South Africa is a growing market, commonly bottled in polyethylene terephthalate (PET) plastic. While this material is recyclable, more than half of plastic waste is not recovered, most of it ending up in landfill or in waterways.
The Government of Canada and the African Development Bank (AfDB) signed an agreement formalizing the Canada - African Development Bank Climate Fund (CACF).
The Government of Canada and the African Development Bank have signed an agreement formalizing the Canada–African Development Bank Climate Fund (CACF), a transformative special fund aimed at providing concessional loans to climate change-related projects.
Two FAO-designed projects, one focusing on agroforestry in sub-Saharan Africa and the other on water management in the Near East, received $80 million, paving the way to improve the livelihoods of smallholder farmers.
FSD Africa reinforces commitment to climate agenda through partnership to develop green bond market in the SADC region
FSD Africa signed a Co-operation Agreement with the Committee of SADC stock Exchanges (CoSSE) to support the development of a green bond market in the SADC region.
Netcare, operator of hospitals and healthcare services in South Africa and Lesotho, launched Africa’s first sustainability-linked bond, in partnership with Standard Bank.
Total, Forêt Ressources Management partner to plant 40,000-hectare forest in the Republic of the Congo
Total and Forêt Ressources Management have signed a partnership agreement with the Republic of the Congo to plant a 40,000-hectare forest on the Batéké Plateaux.
RES4Africa and South Africa Photovoltaic Industry Association (SAPVIA) signed a Memorandum of Understanding to deepen their cooperation in the promotion and implementation of sustainable energy solutions.
The World Bank approved $50 million in financing to support a disaster and climate resilience project in Tunisia, complemented by French Development Agency (AFD) financing equivalent to $50 million, a total package of $100 million.
The EBRD has reaffirmed its commitment to scaling up green inter mediated financing by approving additional headroom for the next phase of its successful large-scale partnership with the Green Climate Fund.
As the COVID-19 pandemic, conflict and climate-related crises drive acute levels of hunger higher, FAO is seeking $1.1 billion in 2021 to save the lives and livelihoods of some of the world's most food-insecure people.
Total and Microsoft announced an agrrement to collaborate as strategic partners to further digital transformation and support progress toward net zero emissions.
The South Africa-UK Partnering for Accelerated Climate Transitions (South Africa-UK PACT) programme announced that ten projects have been awarded a total of over £3 million.
Expedia Group, the global travel platform and Accor, a world hospitality group, in conjunction with UNESCO, are joining forces to further extend the UNESCO Sustainable Tourism Pledge.
The African Development Bank (AfDB) has finalized the purchase of 26 modular steel bridges to replace infrastructure that was destroyed in weather disasters in Mozambique.